Sol Strategies, a prominent Canadian publicly traded company specializing in investing in and supporting the Solana blockchain ecosystem, has recently made significant strides in the staking industry through its latest validator acquisition.
On March 17, 2025, Sol Strategies successfully completed the acquisition of three key Solana validators, including Laine and the validator analytics platform Stakewiz.com. This strategic move has allowed Sol Strategies to integrate Laine’s reputable validator network, known for its reliability and performance, into its operations.
In addition to acquiring Laine’s validator, Sol Strategies now owns and operates Stakewiz.com, a platform that offers real-time validator insights, analytics, and transparency for delegators. To further strengthen its position in the industry, the company has appointed Michael Hubbard as Chief Strategy Officer. With his extensive expertise in the Solana ecosystem, Hubbard is expected to lead new strategic initiatives and forge valuable partnerships.
Following the acquisition, Sol Strategies has seen a remarkable increase in its total staked Solana (SOL). As of March 15, 2025, the company’s total staked SOL has surged to 3,351,617 SOL, marking a 102% increase from March 3, 2025. This includes significant holdings on the newly acquired validators, such as Laine and Cogent Crypto, as well as Sol Strategies’ proprietary validator.
The acquisition terms reveal that Sol Strategies paid $24.5 million for the validators, utilizing a combination of cash, common shares, and warrants. The shares and warrants are subject to a lock-up period to ensure stability during the transition.
Sol Strategies’ latest acquisition builds on its previous efforts to deepen its involvement in the Solana ecosystem. Before acquiring these validators, the company had steadily increased its SOL holdings and staking operations. Partnering with Tetra Trust, Canada’s first licensed digital asset trust company, Sol Strategies offers secure and regulated Solana staking solutions to institutional clients.
With a strategic acquisition strategy and a focus on institutional staking, Sol Strategies is solidifying its position as a leader in the Solana staking solutions provider. The company’s recent acquisitions and partnerships reflect the growing traction of institutional staking on Solana, with Sol Strategies leading the way in this evolving landscape.